Gemini IPO Price Set: Winklevoss Crypto Exchange Goes Public
- Here's a breakdown of the key information from the provided text regarding Gemini's IPO:
- * IPO Price: $28 per share, above the expected range of $24-$26.
Here’s a breakdown of the key information from the provided text regarding Gemini’s IPO:
* IPO Price: $28 per share, above the expected range of $24-$26.
* Company Valuation: $3.3 billion.
* Amount Raised: $425 million from the sale of 15.2 million shares (initially marketed 16.67 million shares).
* Stock ticker: GEMI (on the Nasdaq).
* Underwriters: Goldman Sachs, Citigroup, adn Morgan Stanley.
* Retail Investor Access: Up to 30% of shares are reserved for retail investors through platforms like Robinhood, SoFi, Futu Securities, Moomoo Financial, and Webull.
* Company Overview: Founded in 2014 by Cameron and Tyler Winklevoss, Gemini is a cryptocurrency exchange holding over $21 billion in assets (as of July).
* Significance: This IPO is being watched to gauge the continued investor interest in crypto companies going public.